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If ​$2424 is invested at a simple interest rate of 44​% per​ year, what would the total account balance be after thirty dash fivethirty-five ​years?

 Oct 10, 2016
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Is your $2424 meant to be $24 and interest of 44% meant to be 4%???????? If yes, then you have:

$24 x 4/100 =$0.96 interest for 1 full year.

$0.96 x 35 years =$33.60 simple interest for 35 years.

$24.00 + $33.60 =$57.60 Balance in the account after 35 years.

 Oct 10, 2016

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